Withdrawing 40,000EUR..

Divxup said:
This is it , all my bitcoins are sold and all money in n26.com , i have debit card from them, and withdraws will start soon. card is issued in Germany, i live in Latvia

The thing is that i don't want to send all the money to Latvian bank account because i will have to pay tax, (income tax) (declaration) ........

But what will happen when i withdrawing from Latvian bank ATM , ~3000EUR, every singe day. What ATM can "see" ?? can Latvian bank get my identity trough other country issued debit card ?

How to hide that amount of money from Latvian tax ?
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How did the money get into the German back? Was it in small amounts over a period of time or big amounts? Worrying about withdrawing isn't the problem if they have already flagged it going in. In the UK larger amounts get flagged when they arrive in an account.
 
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If the card is on your name you are already fucked.It doesnt matter in which country you are withdrawing that money.Each EU country provides since 2016 each bank account to a central in the EU
 
I'll be in a similar situation real soon, can anyone legit advise me how to withdraw 40k without having to pay 25% to my country as income tax (I mean seriously, I don't do business in my country or provide service to people in that country. None whatsoever. Not going to give 10k away for nothing). But unfortunately my money will come in either USD/EUR and don't have bitcoin opportunity (that would be so much better and easier to cash out)
 
Maybee this was answered before, but why dont you use your money in the bank to buy Bitcoins and get a Visa Bitcoin debit card that is not in your name, and use that card on ATM or any shopping loaction.
https://wirexapp.com
https://cryptopay.me
These cards if unverified are usually limited to some amount, so you can use few of them or combine them with locallbitcoins.com where you can convert your Bitcoins into cash in hand in almost every bigger city in the world. Anonimously of course. It requires some action, but I would find it even entertaining.
 
bartosimpsonio said:
The real amazing thing is people will actually sign up for a SEO forum to ask how to hide money.
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I totally agree to this :)

to OP - Regardless where on this earth you setup a real bank account you get reported. You need to have setup something special to avoid it and this will cost some money. If I were you I would split the money to several wallets (don't put all your eggs in one basked saying..) and withdraw the money using total anonymous debit cards that you can create on these wallets.
 
There's an anti terrorist funding law that force all banks in the E.U to report all transfers / withdraws bigger than 10k per day to the government. As long u stay under this limit u will be fine.
 
SkyrocketSEO said:
Why would anyone report you for withdrawing your money from ATM. You know, there are a LOT of people with a LOT of money that regularly withdraw thousands of EUR/$ from ATMs worldwide. Do you really think banks will scramble to report all those people to authorities? And for what? For withdrawing their money?
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thinking the same
 
Divxup said:
thinking the same
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People at banks don't report people , its machines. They have to follow the EU banking regs and banks don't care what you take out as long as they report transactions over a certain amount over a certain time. They just cover their own arses.
 
Card details transmitted from payment processor to ATM IS
Card number
Card issuer
Card holder name
Amount withdrawn

The tax authority in Latvia can see "Name with a card from Germany withdrew amountofcash". If you wanna be safe go on a vacation and withdrawl there instead. And don't put it in a bank account if you try to hide it. AEOI will give you away. You can't hide in a bank account without a proper setup anymore.

I don't know who is the CA (competent authority) in latvia for ATMs but it's usually banks or "financial authority" in most countries. But they do cooperate with tax authorities closely.
 
I don't really know if I replied to this thread before. Anyway, many members here mentioned this before and the optimal solution is opening bank account in no tax country like hong kong and withdraw your money to this bank account.

I won't mention the member name cuz he would have replied if he wanted to but he did it without any problems and all it took is 1 week ticket Hong Kong to get everything sorted
 
lmao, if you want to cashout BTC, use:
advcash
xapo
wirex

Easy debit cards, up to 3k limit a day
Anonymous. PM me if you need help.
 
Maybe you can create some stealth PayPal accounts, split your money in those, and use each PayPal debit card to cash out your money.
 
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